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Posted on 01/30/2026 9:22:40 AM PST by hcmama
Democratic lawmakers on Thursday slammed President Trump over comments he made about wanting to “drive housing prices up” for people who own their homes, with one congresswoman telling followers that he “doesn’t care about making your life more affordable.”
During a Cabinet meeting earlier Thursday, the president said he wants to keep homeowners “wealthy.”
“We’re not going to destroy the value of their homes so that somebody that didn’t work very hard can buy a home,” he said. “I don’t want to drive housing prices down. I want to drive housing prices up for people who own their homes. And they can be assured that’s what’s going to happen.”
Several Democrats in both the House and Senate clapped back at the president.
(Excerpt) Read more at thehill.com ...
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oh, pass the smelling salts, so all you anti-Trump stooges don’t pass out
Well that was a dumb thing for him to say
What probably needs to happen is to have housing prices go up 1% in dollar terms but down about 3% a year when the prices are adjusted for inflation.
That means about 4% wage inflation and 5% to 6% nominal interest rates (and 1% to 2% net to inflation interest rates).
The solution is more houses and fewer regulations stopping them from being built (especially California)
Everybody understands the desirability of increasing wages.
Please tell us what is good about 1-2% baseline inflation rates.
Not at all - the Dems have been attacking him for supposedly weakening the economy and causing housing prices to crash.
So when Trump says he wants to help homeowners keep the value in their homes, the Dems change tactics and attack him for hating the poor.
“Well that was a dumb thing for him to say”
Not exactly. My family spent over 30 years renting as we were military gypsies and could never be in a position to purchase until I was retired from active. And having the opportunity to owning a home is unusual on the planet. Many countries don’t allow it. Thus having the devaluation of a home creating the destruction of worth is not a good idea as an economy is transgressing back to legit numbers. Inflation creates those numbers but also creates a trap for home owners.
wy69
Based on the reaction that message got through loud and clear
Exactly.
The Federal Reserve has rather crude tools in order to function.
Congress has greater potential control.
Congress could eliminate interest deductions on mortgage interest rates below 4% and use the additional revenue to:
1. give tax credits for initial ownership years of say four or less
2. pay half the property tax for four years
....
Congress might require initial sales listing on a HUD website to knock down real estate commissions.
Congress might ban recording taxes.
I think you should consider the source.
I interpret his comment as his wanting the value of people’s homes to go up, so they aren’t forced to sell their home for less than what its true value is.
So we want the value of our homes to drop?
That’s it in a nutshell.
Stopping illegal immigration and getting illegals to self-deport is already driving down rental prices - it will affect the housing market as well and drive down prices in some areas. And that’s a good thing - the goal should be to encourage young Americans to get married, buy houses and start families, not to use houses as investment vehicles.
What's really pathetic is that a lot of those very same people moved to this area because it was affordable and a great place to raise a family
And no one wants to tell young people they're going to keep housing prices high.
Another problem is an “affordable” housing neighborhood is going to be crime-ridden, that people who could afford it, won’t want to live in such a neighborhood.
It just proves to me that nearly everyone in Washington DC, including Trump, accepts the notion that Fed.gov can, and should be America's central planner and sugar-daddy in all major areas of economics, business, finance, foreign policy, society.
We are ALL progressives and socialists now. Even people calling themselves conservatives accept this notion.
Notice NO ONE is saying, or asking: "why does Fed.gov have such a huge role anyway in determining housing prices across the entire United States?"
Unlike Democrats, who are basically straight up marxists, at least Trump still has some free-market instincts, and he accepts the role of tradition, and christian culture in maintaining stability in the country.
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